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Commodity prices set to slide: World Bank
It forecasts that oil prices will average US$53 a barrel this year; prices of precious metals seen dipping 3%
Add BT as a preferred sourcePublished Fri, Jan 23, 2015 · 09:50 PM
Tokyo
KEY commodity prices are likely to decline across the board in 2015, roiled by the "perfect storm" in oil markets and signalling further weakness in global economic activity, the World Bank said on Friday.
In its latest Commodity Markets Outlook, it said: "This year may well see a rare occurrence for world commodity markets - a decline in all nine key commodity price indices."
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